Rent Rates and Land Costs in Lithuania
Rental prices for business space depends heavily on the location and the quality of the building. The price of land also varies substantially depending on the location, planning level, as well as on the type of potential development.
Monthly rental of Retail place:
Monthly rental or office place:
Land sales price:
| Land sales price ( EUR m2 ) |
| Vilnius |
 300-1500 (central areas) and 60-200 (outskirts)
 209-903 (central areas) and 38-163 (outskirts) in Warsaw, Poland
 400-1500 (central areas) and 100-300 (outskirts) in Riga, Latvia
 There are no free Land plots available in Stockholm, Sweden
|
| Kaunas |
100-400 (central areas) and 35-100 (outskirts) |
| Klaipėda |
50-1200 (central locations) and 20-100 (outskirts) |
*Average retail units of 200 m2
Monthly rental of Newly constructed Warehouse space:
| Monthly rental of newly constructed ware house space ( EUR m2 ) |
| Vilnius |
2.9-4.3 |
2-5.5 in Warsaw, Poland
2.5-4 in Riga, Latvia
 2.25-3.85 in Tallinn, Estonia
~7.4 in Stockholm, Sweden
|
| Kaunas |
2.9-4.1 |
|
| Klaipėda |
2.3-4.1 |
|
Utility Costs:
| Utility |
Measurement |
Average rate in EUR
(VAT included) |
| Electricity |
1 kWh |
0.1060-0.1283* |
| Natural gas |
1kWh |
0.045646-0.0536158** |
|
Cold drinking water/
Wastewater treatment
|
1 m3 |
1.73* |
| Hot water |
1 m3 |
5.88*** |
*Average tariff for year 2011
**For comercial consumers (year 2011), including network tariff
***Tariff for December 2011
Wages:
In 2011, the share of the population aged 25 — 64 and having completed at least upper secondary education in the EU made up 72.7 percent. Lithuania had the highest share of any EU country with 92 percent. The minimum monthly wage in Lithuania currently is EUR 232, and the minimum hourly wage is EUR 1.4. Average gross monthly earnings have decreased due to the economic recession. After reaching a peak of EUR 672 in 2008 Q3, it decreased to EUR 617 in 2011. In 2011, Eurostat announced statistics of average gross wages as well as the price level across a number of European countries. Based on Eurostat’s calculations, Lithuania again achieved one of the best positions in terms of countries with the lowest wages.
Average monthly gross wages, EUR, 2011
Money-back guarantee
Long-term experience accumulated our experts are fully responsible for their quality of work and results. Good relationship with the Department of Immigration, Tax Inspectorate, the Social Insurance Inspectorate, Centre of Registers and other state and non-state institutions helps to ensure the highest quality services.
We do not operate in automatic machine principle and look deeper into the needs of each client. Whether it is business acquisitions, advice on migration, finance, accounting, or other issues - this is a unique process.
Only in this way we can ensure the highest quality services. Therefore, we provide our clients 100% money back guarantee if due to our fault you do not receive a temporary residence permit. We also guarantee that the company You will purchase has no debts or other liabilities. Our accounting services are insured, so if fees are wrong calculated, we or our insurance company will cover all losses.
RESIDENCE PERMIT
Process time for a temporary residence permit for each country depends on that country's laws. Usually it takes 2-6 months. If you have additional questions, the Migration Department may extend length of the proceeding up to 3 months. The answer may be a negative if the client:
- Was deported;
- Punished for crime;
- Has records in the police department;
- Other negative entries of personal biography;
- The information about the client is false, untrue;
- Going to false immigration.
If it turns out that the negative response to the temporary residence permit is due to one of these reasons, we will not return your money.
If the client has a clean biography and correct data about him/her, but due to our fault do not receive a temporary residence permit, in this case within 30 days we will return 100% of his/her money and will not ask for any compensation concerning experienced costs.
Business acquisitions and start-up
All of our sales companies do not have any debts or obligations. If you buy a new company (without any history), the company has absolutely no bookkeeping records. If you are going to buy an existing company with a history of activity, in this case you will provide the company financial reports and you will be able to assess the Company's status. If after the acquisition of the company, there would be unforeseen events and it would be our fault, we will take all the responsibility on ourselves.
Accountancy services and consultations
We take full responsibility for the provision of accounting services. Our accountants have many years of experience, good skills in preparing various reports to the state institutions; also we provide representation during an inspection. We look very responsibly to our work that is why we insured our employees from the possible errors, so if fees are calculated wrongly, we or the insurance company will compensate them.
